Spain Leading Index Rises For Second Month

3/16/2012 6:14 AM ET

Spain's leading economic indicator increased for the second month in January, data from a survey by the think tank Conference Board showed Friday.

The leading economic index advanced 0.5 percent to 105.3 in January from 104.8 in December. In November, the index declined 1 percent. Among the six components of the index, four made positive contribution during the month.

Meanwhile, the coincident index, which measures the current economic situation, decreased 0.2 percent to 98.6 in January from 98.8 in December. The index declined for the fifth consecutive month in January. Two of the five components made positive contribution to the index value.

In the six months ended January, the leading index dropped 1 percent, while the coincident index declined 1.7 percent.

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